SBA 7(a) LOANS FOR GYMS

Longer Repayment Terms

SBA 7(a) loans offer repayment periods up to 10 years for business needs like working capital or equipment and up to 25 years for real estate. Loans with terms shorter than 15 years allow penalty-free early repayment. For terms over 15 years, prepayment penalties apply in the first three years: 5% in year one, 3% in year two, and 1% in year three. After this period, you can repay in full without penalties, offering financial flexibility.

Competitive Interest Rates

Take advantage of SBA 7(a) loans’ favorable interest rates to reduce the cost of financing for your business. The government guarantee minimizes our risk, allowing us to offer you more competitive terms than standard lenders.

Lower Down Payments

The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.

Flexible Use of Funds

The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.

Buy a Gym

Purchasing a gym with an SBA 7(a) loan is a cost-effective way to acquire an established membership base and recurring revenue. With manageable down payments and extended loan terms, you can take ownership without putting excessive strain on your finances.

Construct a New Gym

Building a new gym from the ground up allows you to create a state-of-the-art fitness facility tailored to your target market. An SBA 7(a) loan provides financing for land acquisition, construction, equipment, and startup costs, helping you launch a successful gym with flexible repayment terms.

Open a Second Location

Expanding your gym to a second location is a strategic way to grow your brand and increase membership revenue. An SBA 7(a) loan provides flexible financing to cover leasehold improvements, equipment, staffing, and marketing, making it easier to scale your fitness business successfully.

Purchase Real Estate

Acquiring commercial property can be a strategic move that provides stability and financial advantages for your business. An SBA 7(a) loan makes it easier to transition from leasing to ownership, building long-term equity for your business.

Refinance High-Interest Debt

Refinancing high-interest business debt with an SBA 7(a) loan can improve cash flow and reduce overall financing costs. With government-backed funding, you can access better loan terms that support long-term business stability.